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Request for Proposals for Research Project on Data for Predictive Modeling Applications

Request for Proposals for Research Project on Data for Predictive Modeling Applications

10/03/2007 —

Predictive modeling is an emerging topic that is extremely important to actuaries. New technologies for underwriting, ratemaking, and claims analysis are being developed at a rapid rate. The CAS seeks to promote research into new and innovative modeling methods. One of the limitations faced by predictive modeling researchers is the lack of publicly available data with sufficient richness for applying the new modeling techniques. A publicly available database with characteristics similar to private confidential databases that are used for analytical modeling would be an important tool in advancing research in predictive modeling.

The purpose of the Request for Proposals (“RFP”) is to acquire a database that can be used by CAS members and others, such as members of the academic community, for predictive modeling research. The data supplier(s) (“Data Supplier”) selected would assign ownership of the “cleaned” data and databases, which would be used for predictive modeling research, to the CAS.